The primary drivers of hypercompetition are:
A) Rising global socio-economic instability and increased inflation
B) The emergence of a global economy and rapid technological change
C) Increased global competition and decreasing tariffs
D) Increased availability of capital and increased competition

Question

Quizplus · Accepted Answer

The emergence of a global economy and rapid technological change are the primary drivers of hypercompetition. In a globalized economy, firms face competition from all over the world, while rapid technological change allows for the creation of new products and services, as well as quick imitation of competitors' ideas. This creates a highly dynamic and competitive environment, where firms must constantly innovate and adapt in order to succeed. The other options presented may be contributing factors to hypercompetition, but they are not the primary drivers.

The Primary Drivers of Hypercompetition Are